Demonetization has been a failure by the stated objectives of the govt which bought up demon , namely - elimination of black money and a one time bonanza for treasury ( Govts own attorney in Supreme Court made the claim they expect lakhs of crores of bonanza). It didn't happen . There are no two opi...

CNN suing WHOTUS I don't know about the "laid hand on InternHouri" claim, but the guy was bloody obnoxious; made my skin crawl seeing him KEEP ON ranting after he had been given more than enough time to do his :(( . Trump said several times, there are other people who want to ask question...

Wow. Thx Shameek. He is the boss at Just Iss. On cue. Rosenstein and Muller sure to follow. Muller is too straight-backed to say "No indictments" and surrender peacefully. Realistically it is a race now between DT firing him and him filing indictments, hence the hurry for the "reques...

Kiran, The Lynch Mob's characteristic is that they arrogate all duties of the prosecutor, defense, judge, jury, jailer and executioner to themselves, assume that they know more than anyone else, and jump to conclusions, wrong more than right] . Do you have any actual instances ? Ms Ford asked for F...

I noticed nothing happened to Langbert Patience, patience. As Millah Khan the co-terrorist said to M. Al lory the chief terrorist in "Fauj 10 phrom Dera Navarone Khan": Give it time. Let Nature take her course. The guy is walking dead in any academic job. And hain, Nature IS doing her jaa...

Meanwhile in Amerika: Red Storm Rising Langbert wrote in his blog that the Senate committee hearing last week at which Ford and Kavanaugh testified was a travesty and that the Democratic Party has become "a party of tutu-wearing pansies, totalitarian sissies who lack virility, a sense of decen...

I'll point this out again - the center's tax is a fixed rupee amount per liter - Rs 19.48 per litre of excise duty on petrol and Rs 15.33 per litre on diesel. With the current price of petrol, the center's share is still Rs.19.48 - the rest is the remaining three variables. The center's share does ...

The lions share of the taxes on petrol are STATE taxes, not central ones, and the state-imposed rate varies significantly from state to state. It's the states that do not want a fixed tax rate on petrol across states - which will of course be pushed down to the lower level possible nationwide. Note...

It is an unfortunate reality that Indan household savings are locked in relatively unproductive assets such as real estate and gold. This is due to lack of trust (often justified) in Indian corporate and government sector including finance industry. This is common in other developing countries too w...

There was no error - partial or full. While household savings are expressed as proportion of GDP the article was also talking about rate of increase of household savings in the very first point of the article. Household savings growth rate (year over year - not as proportion of gdp) was increasing o...

https://www.reuters.com/article/us-china-economy-consumption/in-chinas-debt-laden-xiamen-real-estate-boom-chokes-consumption-idUSKBN1KF0R6 In China's debt-laden Xiamen, real estate boom chokes consumption in India a family with 10 k monthly income first of all will not get loan for 30 lac unless in...

KiranA, enough of your trolling. The data listed earlier is from OECD, from where a link was presented. Next nonsensical post from you earns a summary ban. Your data for service exports is from RBI. I did not contest the data but i was bringing an insight often missed. When people see service expor...

It seems RBI has already published March 2018 services trade data : $16.8 billion in exports . So full 2017-18 services exports were 175 + 16.8 , or ~$192 billion . Holy crap. Current fiscal has also started off strongly, with $17.5 billion, an all time high and the first time we've had services ex...

Regarding non-basmati rice exports folks should note that GoI ban on such exports was lifted only in 2009 and restrictions remain to this date. GoI followed a policy of export promotion and market making for basmati rice fattening wallets of farmers in Punjab and north and an outright ban on other r...

yes I too do not understand the logic of a rate hike at this point when we are trying to put together a string of high growth years... RBi has been forced to balance two major things which now became contradictory leading to policy confusion. It needs to manage GoI debt (has an objective to reduce ...

What do folks think about first rate hike by RBI after 2014 ? I think it makes government job much harder. GoI borrowing costs have been rocketing with 10 year bond yields shooting up form say 6.3 something 2017 august to close to 7.9 per cent now primarily due to lack of interest in goi bonds. Trad...

So GoI claims growth for 2017-18 will be 6.6%. Taking them as it is (they are generally revised later), I did a math to see how richer or poorer have indians become on per capita basis in the last year. I took last year exchange rate at 64.5 and this years at 67.5 (fair approximations). Assuming pop...

1) Xi phoenmoenon to me stems from more confidence among Chinese in their political system. They removed the restriction of two terms (that restriction doesnt exist in a vast majority of countries anyway. dont forget Xi still needs to be re-elected.) Regarding their economic and international goals...

1.The tea in boston tea party was from china 2. The protest was not against company but against taxation by their govt (Americans then were Englishmen) - ironically like a tariff :lol: 3. Mittal makes no steel in india - they have mou but no actual manufacturing 4. The steel in India is largely made...

I wonder if "Indian steel" exists. From what I hear, the Mittal Steel enterprises insist that they are ****BELGIAN***** company. So GOI may ask them to go check with the Belgian Embassy for help. India is worlds second largest steel producer. Exports are around 3 billion USD to USA alone....

News came out that trump is working China to help restore zte which almost closed its business after trump ban a week ago . It’s pretty sharp u turn. No such backtracking for India on h1 or h4 visa or even exemptions from proposed tariffs on Indian steel.

Interesting to note that they still use word "comrade". Like Comrade President of Russian Federation....sounds wierd. Putin and modern russians are very proud of their communist heritage. Very proud of achievements of Soviet. They hate what Gorbachev and the drunk Yeltsin did to their cou...

Nepal is a land locked ultra poverty stricken country with no resources of any sort and surrounded by wilderness on north. What leverage such a country really has? Nevertheless even it plays India and India is unable to get them to do even fair things like treating Madhesis with dignity. I really do...

Another possible reason is that this scrapping of deal may be the Trump way of making up for his tepid response to Syria and throwing sunni allies under the bus. Going against Syria means going against Russia and Trumps voter base hates the idea of going against Russia. But going against Iran has no...

Basically India is throwing under bus all its strategic interests and is getting sweet words from Oli in return. No longer talk about Madhesis who are india's brethren , no talk about change to constitution for which a defacto embargo was imposed. Oli continues to play china card as he choses it is ...

Speaking on practicals - the biggest losers are Iran, India and USA. The winners are China and saudi. Iran has been delivered to China and if europe keeps the deal with Iran then a stronger iran has been delivered to China. Saudis benefit from any middle east turmoil because it increases oil prices ...

Meanwhile Brahma chellaney a known hawk on china makes pretty much the same points I make (ofcourse others too like Manoj Joshi of ORF https://www.orfonline.org/research/modi-meets-chinas-xi-wuhan-india-starts-position-weakness/ and Sadhanand Dhume of wsj makes the same point https://www.wsj.com/art...

This is a terrible disappointment and reminds me of demon where modi took a secret decision and sprang a surprise on everyone. We all know how that went. kiranA, what has it got to do with this thread ? Don't attempt derailment. Take it as an informal warning. It was just a comment on the style of ...

I say i doubt chinese really have a goal to replace us because chinese have shown in past that they are quiet happy to play along as long as usa accords china the same priveleges it accords itself. Chinese are enthusiastic participant in UN P-5 regime, NPT regime, and generally opposes expanding of ...

ramana, I have not read that book, 'Third Revolution' yet. All in good time. But, I will summarize my assessment of the Xi phenomenon. The fact remains that Mao wanted to consolidate China after the revolution and eliminate threats from the periphery and from inside as well. Though China had wars w...

http://www.rediff.com/news/column/what-did-modi-want-from-the-chinese/20180504.htm What did Modi want from the Chinese? May 04, 2018 11:01 IST 'Some have speculated that it has to do with Doklam and the 2019 elections.' 'That Modi asked Xi not to embarrass him by sending the Chinese army into Bhuta...

Yes taxes were reduced and deficit increased . This is precisely populist and liberal (the deficit part) politics . NOW u r using MAH brain, as Laurel said to Hardy. When someone reduces (my 6th coujin's) taxes, they are good. :mrgreen: Well congrats to your "6th coujin" for the t...

Meanwhile in another U turn. http://www.breitbart.com/big-government/2018/04/28/donald-trump-to-farmers-were-going-to-let-in-migrant-guest-workers/ Donald Trump to Farmers: We’re Going to Let in Migrant Guest Workers. It basically goes with Trump populist practices. Just give what people want (wheth...

. Also, the items I listed are facts, not opinions. Taxes have come down (I don't know about Billionaires). Trump lowered the marginal rates by some 12 percent, plus he raised the Standard Exemption to $24K! Most American families don't add up anywhere NEAR that much today in Itemized deductions. P...

This meeting is really strange And clearly shows the policy confusion of Indian govt . It is possible that you sir are confused since chaos reigns on your mind., a clearly enunciated policy of GOI looks confising. Problem w/ your rhethoric is that it can be in equal measure applied either way. Not ...

If that were true xi would be flying down to Ahmedabad to meet modi. Not other way around. Or Modi is giving a face saving exit to Xi. Yea right. Xi lost face because he enjoys 50 billion USD trade surplus with India - too tiny. He also lost face because when India protested a road at doklam china ...